Oral Answers to Questions Debate

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Department: Department for Education

Oral Answers to Questions

Philip Hollobone Excerpts
Thursday 10th April 2014

(10 years, 1 month ago)

Commons Chamber
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Vince Cable Portrait Vince Cable
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The Northern Ireland Executive is doing an excellent job in attracting inward investment. I have been to see some of these high-tech companies. The Titanic quarter is a good example of the growth that is taking place. I am delighted to hear the news that the right hon. Gentleman has announced. We are certainly happy to continue to work with the Executive.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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My constituents in Kettering were very worried when told by the Opposition that 1 million jobs would be lost in this country as a result of the Government’s attempt to rebalance the economy. Does the Secretary of State therefore share my delight in the latest figures from HM Treasury showing that since 2010 an extra 4,800 jobs have been created in Kettering—a massive 11% increase?

Vince Cable Portrait Vince Cable
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My hon. Friend describes a trend that is apparent across the country. As I said a few moments ago, almost half a million new jobs were created last year, and I am delighted that Kettering is sharing in that positive story.

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Vince Cable Portrait Vince Cable
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We are perfectly happy to provide information where it is available. It is obviously easy to quantify jobs created in projects. Collecting a vast inventory of information on fluctuating wages is a much more difficult proposition.

Philip Hollobone Portrait Mr Philip Hollobone (Kettering) (Con)
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May I commend to the Secretary of State “A Blueprint for Britain: openness not isolation” by Iain Mansfield who is a former employee of his Department? It was the winner of the prestigious Brexit prize by the Institute of Economic Affairs, and it concludes that

“if the right measures are taken the UK can be confident of a healthy long-term economic outlook outside the EU.”

Vince Cable Portrait Vince Cable
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To correct the hon. Gentleman slightly, I think the gentleman concerned is employed by UK Trade & Investment, and he wrote this in his personal capacity, and it is perfectly reasonable to do so. I look forward to responding to his essay, which seems to me fundamentally mistaken, but no doubt we will argue about that.